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When the highest and best use of land As-If Vacant is different from the highest and...

When the highest and best use of land As-If Vacant is different from the highest and best use of the property As-Improved, the true highest and best use of the property is:

The highest and best use of the land As-If Vacant
The highest and best use of the land As-Improved
The use that results in the highest value
None of the above
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Answer #1

Since If Vacant land is different from the highest and best use of the property compare to land when it is Improved.

It means same land will be true highest and best use of the property when it is improved compared to when it is without improvement. This is because improved land will be more productive and a productive land will give return more than what has been spent for improving the land. So a improved land value will be more profitable than the vacant land.

Hence it can be said that the true highest and best use of the property is The highest and best use of the land As-Improved.

Hence option second is the correct answer.

Second; The highest and best use of the land As-Improved.

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